Introduction to Business EconomicsPYQ Jun 23Question 675 of 209
All Questions

Which of the following is not a subject matter of micro economics?

Options

ABehaviour of firms
BLocation of industry
CConsumer behaviour
DForeign exchange rate
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Correct Answer

Option dForeign exchange rate

All Options:

  • ABehaviour of firms
  • BLocation of industry
  • CConsumer behaviour
  • DForeign exchange rate

About This Chapter: Introduction to Business Economics

Paper

Paper 4: Business Economics

Weightage

5%

Key Topics

Meaning, Scope, Price Mechanism

This chapter lays the groundwork for understanding Business Economics as a discipline. It covers the meaning, scope, and nature of economics — including key distinctions like Microeconomics vs Macroeconomics, Positive vs Normative economics, and the fundamental economic problem of scarcity. Students learn how businesses use economic principles for decision-making in a competitive marketplace.

View Official ICAI Syllabus

Exam Strategy Tip

Focus on definitions and distinctions between concepts. Questions often test whether you understand the difference between Micro and Macro, or Positive and Normative statements.

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